Trendline Strategy Algo
- Утилиты
- Ngonidzashe Michael Mudadi
- Версия: 1.2
- Обновлено: 26 июня 2023
- Активации: 5
Greetings,
Trendlines are one of the major ways professional traders use to identify dynamic support and resistance. There is a variety and there is no shortage in flavours for trendline strategies in the retail forex community also, channels, flags...you name them. But, for retail traders as much as they know how to draw these trendlines there is a big challenge that affects them especially the non-programmers.
See, when traders do their chart art and decor they still have no efficient and effective way to get alerts or execute their orders when price eventually comes back or reaches their trendlines. They usually realize it after price has done its dance on their trendline levels and they have missed their optimum entry levels/exits and it's too far gone. It happens even to the best of them, what a shame.
I've seen traders react differently to this problem. 1 group become chart zombies and behave like the're glued to their chairs just waiting for price to reach their levels, which can work sometimes but it's a very inefficient use of time and mental capital. Another group, when they see that price has gone without them behave like little kids and chase after the price, which if u've been trading for long enough u know the result, it's never pleasant. Without the proper tools and algos FEAR is a permanent resident in a trader's mind.
Every professional and serious trader needs a trading arsenal that allows them to be a sniper in the markets and have a healthy work/life balance. You need to only act at the exact time when your opportunity presents itself and you need a way to protect your mental capital as well as the trading account. Not having proper tools, algos and systems in place is the quickest way to send your account to the graveyard.
In an attempt to solve the above challenge i present to you the 'Trendline Strategy Algo' and below are the reasons why it's a must-have for your trading arsenal.
1. The algo executes your orders when price reaches your trendlines.
2. It can buy, sell & send you alerts to your phone & email.
3. It has an automatic trailing stops feature so you don't have to worry about losing all your profits.
4. It utilizes both constant & %based lotsize calculation, the choice is yours.
5. Visual representation of trading sessions on the chart.
6. Risk & Trade Management made easy.
7. There is a time and trading days filter so you can decide when exactly you want the algo to work for you.
You can watch the YouTube video on version 1.00 of this algo, better yet download the demo version of the current version 1.01 for free and test it on your MT5.
Note: Current version has added functionality so make sure after you watch the video, download the demo version and see the features that have been added.
& feel free if you have any suggestions on what else you would like to see on this algo, LET'S BUILD IT TOGETHER..
